Australia's Mitula Group leaps on sale to Japan's Lifull
10/05/2018 02:55
** Mitula Group Ltd MUA.AX rises as much as 73.33 pct to
A$0.78, its highest since July 2017, after Japan's Lifull Co
2120.T agreed to buy the digital classifieds company
** The Japanese real estate portal will buy Mitula for
A$188.3 million ($140.51 million) urn:newsml:reuters.com:*:nL3N1SG3NW
** Shareholders to receive a 95 percent premium based on
Wednesday's close, with Lifull valuing the company at A$0.8742
per share, and 0.0753 Lifull share for each share held
** However, Lifull shares were down 12.13 pct at 0141 GMT
** Stock posts record intra-day pct gain
** Nearly 1.7 mln shares have changed hands vs. the 30-day
average of over 400,000 shares
** Up to Wednesday's close, stock had fallen 23.1 pct this
year
($1 = 1.3401 Australian dollars)
((Reuters Messaging:
nikhilkurian.nainan.thomsonreuters.com@reuters.net))